High Court of Orissa held that The offence of Money Laundering is nothing but an act of financial terrorism that poses a serious threat not only to the financial system of the country but also to the integrity and sovereignty of a nation.
“Main Samay Hoon” we all understand the meaning of this three words and the importance of this words and if not, then COVID19 has shown who is more powerful, “WE” or “Time (Samay)”. There is no doubt that hearing this “Main Samay Hoon” itself gives the whole meaning to what is Life, what is the […]
Multilateral Instruments (MLI) is indeed the talk of the town in the world of International Taxation. Under the OECD*/G20 inclusive framework on Base Erosion and Profit Shifting (BEPS), more than 125 countries are collaborating to put an end to tax avoidance strategies that exploit the gap and mismatches in tax rules to avoid paying taxes.
1. Extend due dates of VAT assessments – Sir, vide our previous letter request was made to extend due date for assessment for the financial year till 31st July, 2020. Because of lockdown and pandemic ‘chorona’ it is practically not possible to appear and conclude the assessment proceeding till 31st July, 2020. Under such situation, we request your goodself to extend due date for VAT assessment for the financial year 2016 – 17 till 31st March, 2021.
Every person whose total income of the previous year exceeds the maximum amount, which is not chargeable to income tax, is an assessee and chargeable to income tax in India at the rate or rates as may be prescribed in Finance Act and Income Tax for the relevant assessment year. We know that the in […]
Ministry of Micro, Small and Medium Enterprises have come out with notification no. [F. No. 21(5)/2019-P&G/Policy (Pt-IV)] dated 26th June 2020, wherein following new criteria of classification of enterprises and new registration procedures under MSMED Act,2006:- Classification Micro Enterprises Investment in Plant & Machinery or Equipment – Not more than 1 Crore Turnover- Not more […]
1. Every person who is liable to be registered enters the prescribed details in the GST REG 01 (registration form ) on GST Portal. In case the person missed out on some details or entered incorrect details, he can amend the particulars in a manner prescribed in Rule 19 of CGST Rules 2017. Section 28 […]
A micro, small and medium enterprise (MSME) will now be known as Udyam as per the notification issued by the Ministry of MSME on 26 June 2020. The ministry has also come up with detailed criteria for the classification of MSMEs and the procedure for registration and the arrangements made by the ministry for facilitation in this […]
It is to be regretted that the subject of interpretation of law has not in modern times received that decree of attention which it deserves. The rules of Interpretation may well rank as an important branch of what is called the adjective law. The part of that these rules play in the administration of justice […]
For ease of reference, I have only covered 4 Step Procedure for Name Change in this article and nothing else. Step 1: Hold a meeting of Board of Directors of the company The company shall hold a meeting of board of directors to pass necessary resolution for the change of name. The board shall consider […]
